Savings account · KOHO
KOHO High Interest Savings (non-member): fees and true cost
KOHO’s KOHO High Interest Savings (non-member) lists 0.5% interest and no monthly fee. On $10,000 that’s about $50 a year before tax, at the posted rate.
Partner-heldOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey reads KOHO’s KOHO High Interest Savings (non-member) rate sheet: $50 a year on $10,000.
What interest does KOHO High Interest Savings (non-member) from KOHO pay?
KOHO High Interest Savings (non-member) lists 0.5% interest with FCAC. On $10,000 that is about $50 a year before tax, with no monthly fee, #11 of 25 savings accounts offered nationwide by interest after fees. The company isn’t a bank; funds are held at partner institutions. Rates as listed on November 1, 2026; promotional rates may differ.
Is KOHO High Interest Savings (non-member) the best place for savings?
- Versus the top posted rate: on $10,000, 30 Day Notice Savings Account (EQ Bank, 3%) would pay about $250 more a year after fees.
- Or lock it in: a 1-year GIC at 3.75% (Oaken Financial, posted November 2, 2026) would earn $375 on $10,000, against $50 here — but the money is locked in for the year.
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.5% | $5 |
| $10,000 | 0.5% | $50 |
| $50,000 | 0.5% | $250 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.5% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | Branch: 0 · self-serve: unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | No extra fee |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
Not a bank: held at partner institutions. This company isn’t a bank; read which institutions hold your money in the deposit safety tool.
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · KOHO’s product page
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